Norway: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Norway

The Norwegian aromatic hydrocarbon mixtures market soared to $X in 2022, with an increase of 58% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Norway

In value terms, aromatic hydrocarbon mixtures production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 117%. Aromatic hydrocarbon mixtures production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Norway

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were exported from Norway; declining by -42.7% on 2021. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 13,889% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, aromatic hydrocarbon mixtures exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 7,707% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Norway, with a 63% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1,045.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+143.7% per year) and Belgium (+106.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Norway, comprising 65% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +673.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+114.6% per year) and Belgium (+95.0% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, increasing by 20% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-5.6%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Norway

Aromatic hydrocarbon mixtures imports into Norway totaled X tons in 2022, surging by 6.4% on 2021. Over the period under review, imports enjoyed a tangible expansion. The growth pace was the most rapid in 2014 with an increase of 370%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports soared to $X in 2022. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 186% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Norway, accounting for a 57% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.4% per year) and Denmark (+8.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Norway, comprising 58% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by the UK, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.7% per year) and the UK (+97.5% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, surging by 46% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by +76.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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